Explore P.F. Drucker's management theory: decentralized leadership, management by objectives, knowledge worker and more foundational concepts.

More than 520 years ago, Christopher Columbus discovered the new world. Not that it was the New World he was really looking for, but it was the best he could do at the time. Let me suggest that a part ...

Achieving business success is a goal of all company leaders. Management by objectives (MBO) is a plan that helps businesses improve their performance. It does so by mapping out a guide for both the ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

It usually starts out strong: An employer knows what he needs, hires the person he wants, and the two set off on what they hope is a mutually beneficial professional relationship. Then, as often ...

Management by objectives is a technique applied primarily to personnel management. In its essence it requires deliberate goal formulation for periods of time (like the next calendar or business year); ...

Teamwork and cohesion are key components in a successful business. If the management and employees respect each other and work towards mutual goals, the business is likely to turn a profit and keep ...

I was speaking recently with a friend who was relatively new to his job and was confused: He had two major project responsibilities with deadlines approaching, didn't have adequate time to complete ...

A lot of people feel, and sometimes actually voice, that Peter Drucker’s “Management by Objectives” is deeply flawed. For those who don’t know, Management by Objectives is ‘ the process of agreed upon ...